The Vanguard Group, Inc. has recently announced that it has increased stake in R1 RCM Inc. (NASDAQ:RCM) by 5.44%. After grabbing 17.7 million shares, the institutional investor is now in possession of 0.91 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 4.22% having worth around $187.23 million. Moreover, BlackRock Fund Advisors increased its share by 3.64 million to have a control over 15.15 million shares. And Citadel Advisors LLC raised its holdings to 1.89 million shares by acquiring 10.19 million shares or 2.43% of the stake.
R1 RCM Inc. (RCM) concluded trading on 01/04/24 at a closing price of $10.25, with 3.4 million shares of worth about $34.9 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -42.22% during that period and on Thursday the price saw a gain of about 1.79%. Currently the company’s common shares owned by public are about 417.72M shares, out of which, 192.41M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 33 times over the past 12 months. They bought 1,574,040 shares in 26 of the transactions. In 7 selling transactions, insiders dumped 526,078 shares.
iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in R1 RCM Inc. iShares Core S&P Mid Cap ETF is currently holding 6.07 million shares of worth totaling $64.26 million. The company recently came buying 1078.0 shares which brought its stake up to 1.45% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 9211.0 shares, after which its hold over company’s outstanding shares expand to 1.42%, leaving 5.95 million shares with the mutual fund that have a worth of about $62.94 million. Vanguard Small Cap Index Fund, after buying 4.88 million shares, have now control over 1.17% of the stake in the company. It holds 14963.0 shares of worth $51.64 million.
R1 RCM Inc. (NASDAQ: RCM) started trading at $10.08, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 10.36, or with a gain of 1.79%. Stock saw a price change of -4.21% in past 5 days and over the past one month there was a price change of -13.14%. Year-to-date (YTD), RCM shares are showing a performance of -3.03% which decreased to -4.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.55 but also hit the highest price of $18.70 during that period. The average intraday trading volume for R1 RCM Inc. shares is 4.13 million. The stock is currently trading -2.60% below its 20-day simple moving average (SMA20), while that difference is down -4.91% for SMA50 and it goes to -30.40% lower than SMA200.
The Vanguard Group, Inc. acquired 17.7 million shares of R1 RCM Inc. having value of about $187.23 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.91 million shares in the company valued at close to $9360945.75, or have control over 5.44% stake in the company. R1 RCM Inc. (NASDAQ: RCM) currently have 417.72M outstanding shares and institutions hold larger chunk of about 38.99% of that. Holding of mutual funds in the company is about 21.75% while other institutional holders and individual stake holders have control over 34.10% and 17.45% of the stake respectively.
The stock has a current market capitalization of $4.30B and its 3Y-monthly beta is at 0.74. It has posted earnings per share of -$0.08 in the same period. It has Quick Ratio of 1.89 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RCM, volatility over the week remained 3.65% while standing at 5.37% over the month.
Analysts are in expectations that R1 RCM Inc. (RCM) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter EPS is $0.03 and it is $0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 242.16% while it is estimated to increase by 27.33% in next year. EPS is likely to shrink at an annualized rate of -2.50% for next 5-years, compared to annual growth of 24.86% made by the stock over the past 5-years.
Analysts at 17 brokerage firms have issued recommendations for the R1 RCM Inc. (RCM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.24. Out of those 17 Wall Street analysts, 14 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 03, 2024 offering an Overweight rating for the stock and assigned a target price of $14 to it.
